Innovation Pharmaceuticals Inc (IPIX)

[MinnieM]

They didn't get the 10 million up front from the MFO.

https://www.sec.gov/Archives/edgar/data/1355250/000147793218004763/ipix_8k.htm

On October 5, 2018, Innovation Pharmaceuticals Inc. (the “Company”) entered into a securities purchase agreement (the “Securities Purchase Agreement”) with one multi-family office for the sale of an aggregate of 2,000 shares of the Company’s newly-created Series B 5% convertible preferred stock (the “preferred stock”), for aggregate gross proceeds of approximately $2.0 million. Under the Securities Purchase Agreement, the Company will also issue to the investors warrants to purchase up to an additional 8,000 shares of preferred stock. An initial closing relating to the sale of 1,250 shares of preferred stock and accompanying warrants is expected to occur on or about October 9, 2018, and a second closing relating to the sale of 750 shares of preferred stock and accompanying warrants is expected to occur on or before November 5, 2018, subject in each case to satisfaction of customary closing conditions as set forth in the Securities Purchase Agreement.

See the filings for more info... that's just a short quote.








In Reply to 'JTORENCE'
Hey people anyone have a clue as to what IPIX used the 10 million for that they got last year from the MFO??